Stephanie Baxter examines the impact on schemes of extending the exemption on central clearing

The government has grossly underestimated the impact on providers of the pension charge cap by about £800m, says Royal London.

The National Association of Pension Funds (NAPF) is encouraging trustees to quiz their fund managers about their use of the enhanced voting rights and Japan's Stewardship Code.

Retirement advisory firms expect profits to rise as a result of new pension rules due to be implemented next April, and are already to looking to expand, research finds.

The National Association of Pension Funds (NAPF) says it will continue to work closely with the Investment Management Association (IMA) following the disbandment of the Institutional Investor Committee (IIC).

Santander has trimmed its UK defined benefit (DB) pension scheme obligation by £230m by introducing a cap on pensionable pay increases, according to the bank's half-yearly report.

Growth in bulk annuity sales at Partnership Assurance has helped compensate for a 43% fall in individual annuity sales, according to the firm's half-year results.

Pension schemes could be forced to pay a levy if proposals are adopted to radically change the funding of the European Insurance and Occupational Pensions Authority (EIOPA).

JPMorgan has agreed to sell half of its private equity business to two investment firms.

A sharp decrease in mortality rates in the first half of the year has highlighted the dangers of assuming that longevity improvements will plateau, says Hymans Robertson.